Would a successful trading record at a prop firm help me break into IBanks and funds?

I love it, ozzietrader has been brainwashed by the propaganda spread by prop shop trading owners on this site!! Once you learn the industry a little better, you will see why trading for a fund is preferable.....access to information, resources and other brilliant minds will be much better than if you are some individual guy trading your own account....95% of daytraders fail....and the hedge funds love undercapitalized, unsophisticated daytraders...they are generally the dumb/easy money in the markets!
 
Quote from rateesquad:

I have an edge. And so do you. The losing probability is only 33% think about.
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I have no idea how you come up with this number. Care to explain? I'm curious.
 
Quote from NYSEscalpa:

I love it, ozzietrader has been brainwashed by the propaganda spread by prop shop trading owners on this site!! Once you learn the industry a little better, you will see why trading for a fund is preferable.....access to information, resources and other brilliant minds will be much better than if you are some individual guy trading your own account....95% of daytraders fail....and the hedge funds love undercapitalized, unsophisticated daytraders...they are generally the dumb/easy money in the markets!
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I agree mostly with what you side. Though perhaps not the last point. Hedge funds don't really care about unsophisticated daytraders. Collectively, daytraders represent at best a barely visible portion of a few asset classes.
 
I was just yanking your chain sjfan. Considering you just stated you were ignoring my point of view, you didn't expect much else from me did you? :cool:
I don't know why you're so hung up on compounding, but I appreciate your point of view.

Quote from sjfan:

What does that even mean? I'm taking the position that there's more to finance than just "trading your chart." That there's more to trading than some simple minded concept of "edge". And here you are, claiming that I need to see that there's more to life than my humble opinion? Argue that you enjoy the freedom of working for yourself more than the monetary reward of being an institution. Fine. That's at least a reasonable statement. But to argue your stance? You do know there's more to life, right?

Oh yeah - that's right - compounding.... that'll solve everything. Because no one - none of the traders, market makers, portfolio managers, and analysts on and off the street have ever figured out their road to riches lie in the first page of their finance 101 text book. They are all idiots born with a silverspoon in their mouths. Awesome analysis. Brilliant!
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I've never traded for a prop shop. Where do you people come up with this stuff?
I have been trading full time for nearly 2 years, so excuse me for thinking there's more than 1 way of achieving a goal.
Out of all people/professions, I would expect traders to know there's more than 1 way to skin a cat. The way I trade works. It has produced positive results in the past and is continuing to do so presently.

Quote from NYSEscalpa:

I love it, ozzietrader has been brainwashed by the propaganda spread by prop shop trading owners on this site!! Once you learn the industry a little better, you will see why trading for a fund is preferable.....access to information, resources and other brilliant minds will be much better than if you are some individual guy trading your own account....95% of daytraders fail....and the hedge funds love undercapitalized, unsophisticated daytraders...they are generally the dumb/easy money in the markets!
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Thinking about it, it's actually ironic NYSEscalpa used the term "dumb money". I used that term on another forum when sniffing out some dumb money myself.
So how about it NYSEscalpa, do you want me to show you I was the smart money? I would love to see your reaction to that. I'm sure it's against the rules to paste the link here, so if you want to eat your words let me know.

Quote from sjfan:

I agree mostly with what you side. Though perhaps not the last point. Hedge funds don't really care about unsophisticated daytraders. Collectively, daytraders represent at best a barely visible portion of a few asset classes.
More...
 
Quote from ozzietrader:

Thinking about it, it's actually ironic NYSEscalpa used the term "dumb money". I used that term on another forum when sniffing out some dumb money myself.
So how about it NYSEscalpa, do you want me to show you I was the smart money? I would love to see your reaction to that. I'm sure it's against the rules to paste the link here, so if you want to eat your words let me know.
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I wasn't calling you dumb money at all, only saying that daytraders are at a relative disadvantage to larger institutions and funds....but sure, why don't you send me evidence of how you are actually "smart" money :D :D
 
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